RSI + BB EMA and DAX EMA Crossing Strategy

Step 1: Create the EMA Crossover Indicator (Main Chart)

This script will plot the EMA crossover directly on the main price chart.

//@version=5
indicator("Dax EMA Crossing", overlay=true)

// Dax EMA Cross Indicator
emaShort = ta.ema(close, 12)
emaLong = ta.ema(close, 26)

// Highlight the background based on EMA crossover
bgcolor(emaShort > emaLong ? color.new(color.green, 95) : color.new(color.red, 95))

// Plot the EMA lines on the main chart
plot(emaShort, color=color.blue, linewidth=2, title="12 EMA")
plot(emaLong, color=color.orange, linewidth=2, title="26 EMA")


Step 2: Create a Separate Script for RSI + BB EMA (Separate Panel)

This script will plot the RSI and Bollinger Bands in a separate panel below the main chart.


//@version=5
indicator("RSI + BB EMA", overlay=false)

// RSI + BB EMA Indicator (Separate Panel)
rsi = ta.rsi(close, 12)
basisBB = ta.ema(rsi, 21)
stdev = ta.stdev(rsi, 21)
upperBB = basisBB + stdev * 3
lowerBB = basisBB - stdev * 3
dispUp = basisBB + (upperBB - lowerBB) * 0.1
dispDown = basisBB - (upperBB - lowerBB) * 0.1

// Plot RSI and Bollinger Bands in a separate panel
plot(rsi, color=color.purple, title="RSI (12)")
plot(basisBB, color=color.orange, title="BB Basis (21)")
plot(upperBB, color=color.red, title="Upper BB")
plot(lowerBB, color=color.green, title="Lower BB")

// Add horizontal lines for overbought and oversold levels
hline(70, "Overbought", color=color.red, linestyle=hline.style_dashed, linewidth=1)
hline(30, "Oversold", color=color.green, linestyle=hline.style_dashed, linewidth=1)

// Background for overbought/oversold based on RSI + BB
bgcolor(rsi >= dispUp ? color.new(color.red, 95) : rsi <= dispDown ? color.new(color.green, 95) : na)

How to Implement:

1. Add the EMA Crossover Indicator:
   - Copy the first script into TradingView’s Pine Editor.
   - Save and apply it to your chart. This indicator will plot the EMA crossover directly on the main price chart.

2. Add the RSI + BB EMA Indicator:
   - Copy the second script into a new Pine Editor script.
   - Save and apply it to your chart. This will plot the RSI + BB EMA in a separate panel below the main price chart.

Outcome:
- The EMA crossover lines and background coloring will now appear on your main price chart.
- The RSI + BB EMA will plot in a separate panel below the main price chart, giving you a clear and organized view of both indicators.